RESTRICTED CASH AND DUE TO BROKER (Tables)

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

Restricted Cash Balances

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheet that sum to the total of the same amounts shown in the statement of cash flows.

	December 31, 2017		December 31, 2016		December 31, 2015
Cash and cash equivalents	$	34,347,339	$	27,534,374	$	26,140,718
Restricted cash	11,275,263		10,355,222		8,174,638
Total cash, cash equivalents and restricted cash	$	45,622,602	$	37,889,596	$	34,315,356

The following table presents the Company's restricted cash balances as of December 31, 2017 and December 31, 2016:

	December 31, 2017			December 31, 2016
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	(1,123,463	)	$	(4,244,678	)
Repurchase counterparties as restricted collateral	11,275,263			10,355,222
Total	$	10,151,800		$	6,110,544